SKX Trade on Apr 18, 2019 09:47 from MarcoG: Tradervue User Stock Trades.

Consolidation Squeeze Play above pm high! Gap Fill & SSR (Psycho Level) Magnet on ER Miss!!

Requirements:

RVOL: Possibly >1.5
pmVOL: Possibly >50 K
avg Vol: > 1M
Vol @ Day : > 1 M
Gap: If possible but not strictly needed
Long Term Chart : Possible Pocket, trend already defined and strength.
Float: > 20 M
Short Float: Possibly >40%
Institutional Ownership : Possibly > 100%
History of Gap Follower: Neutral
History of former runner: Possibly YES
Major ETF movement and strength: Possibly Trending with strength

Set-up : Consolidation Squeeze Play
Symbol Name: SKX
Side : Long
Size : 20 ( Should have been 50)
Entry : 30.42
Takes : 30.78 / 31.03 / 31.40 / 31.65 / 31.90
Exit : 30.15
P/R : 2.42:1

Comments: There I go again. My risk has to be around 10/15 $ but I still set my old amount. I have really to find a way to fix this. I have already lost 2 great trades and left on the table good profit. This is really bad cause yesterday I had the proper size but it went wrong so I have taken a 10$ loss. This will screw up my p&l. I have to focus on the size now and don't do this stupid mistakes.
I have entered in SKX cause price held perfectly LOD making an outside candle,a volume bottom and sat perfectly on VWAP. First green candle to make a new high was my entry. I have tried to keep the profit target and added when price crossed the eMA13 on the 10min chart. The amount I've added is the one that would give me an avg price just below the immediate support level. In this case I could add only 6 shares in order to be just below 30.90. My avg became 30.93 and I am always willing to give up 7 cents against my new avg. This is the only way for me to have proper shares add without screwing up the entire trade with a wrong average price. At SSR around 31.75 the stock showed a big rejection. This let me get out from my trade also cause I wanted to grant me at least 10$ profit to don't fuck up the p&l due to the size mistake. It has been thus a double mistake. To cover the previous mistake I had locked above 10$ but left so much there. The stock now got to 32.50 so I would have a wonderful home run trade.

29/07/2019

This trade worked cause at an important support area testing past pivots of February and late March. A deep buy could be expected.